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By Staff Report / Wednesday, October 28th, 2015 / Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger
American Riviera Bank and The Bank of Santa Barbara shareholders approved the banks’ proposed merger, the institutions announced on Oct. 27. The merger is expected to close by January 2016, pending final regulatory approval. The combined companies, which will go by American Riviera Bank, will have branches in downtown Santa Barbara, Montecito and Goleta Read More →
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By Alex Kacik / Friday, October 23rd, 2015 / Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Mergers reshape tri-county banking
Citizens Business Bank will acquire County Commerce Bank in a cash-and-stock deal, shrinking the number of community banks but vastly increasing the region’s lending capital. The proposed merger would strengthen Citizens’ commercial banking presence in Ventura County and fuel its regional expansion. Ontario-based Citizens, which has maintained a strong presence in the San Fernando Valley, Read More →
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By Staff Report / Thursday, August 27th, 2015 / Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Combined banks will be known as American Riviera Bank
The combined American Riviera Bank and The Bank of Santa Barbara will be known as American Riviera Bank, the merged institution announced Aug. 27. Santa Barbara-based marketing agency Idea Engineering deemed that the name would have better “brand impact.” The banks proposed the merger in July, which would combine two smaller companies into a three-branch Read More →
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By Henry Dubroff / Wednesday, July 15th, 2015 / Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies / Comments Off on American Riviera Bank, The Bank of Santa Barbara plan to merge
The banking picture on the South Coast got a bit clearer on July 15 when American Riviera Bank and The Bank of Santa Barbara announced an all-stock transaction that will combine the two lending institutions. The proposed merger, which still needs shareholder and regulatory approval, will combine two smaller companies into a three-branch community bank Read More →
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By Marlize van Romburgh / Friday, February 3rd, 2012 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Higher profits in hand, region’s banks look to expand
Pacific Capital Bancorp, the largest banking company based in the Tri-Counties, turned a $70.5 million profit in 2011 after years of staggering losses. At the same time, First California Financial Group and Heritage Oaks Bancorp, the next two largest banks on the list, reported improved earnings for the year and bold plans to expand. Here’s Read More →
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